COMMISSIONER OF INCOME TAX Vs. ALLIED EXPORT INDUSTRIES
HIGH COURT OF DELHI
COMMISSIONER OF INCOME TAX
Allied Export Industries
Click here to view full judgement.
(1.) DELHI Bench 'D', in ITA No. 3467/Del/2002. Inter alia, the Revenue wishes to urge the following question for our consideration :
"Whether Tribunal was correct in law in holding that the receipt from Textile Commr. being refund of liquidated damages was not a
receipt of a nature similar to receipts mentioned in Expln. (baa) to s. 80HHC and, therefore, could not be reduced from the profits
of the business under the said provisions -
(2.) THE tax effect involved in the present appeal is less than Rs. 2 lakhs, that is, well below the limit stipulated by the CBDT for filing of appeals. The appeal is dismissed.;
Copyright © Regent Computronics Pvt.Ltd.